DRL may foray into hospitality sector

Courtesy: Times of India, dt. 29.06.09

You may have heard of pharmaceutical companies diversifying into hospitals, but for Hyderabad-based Dr Reddy’s Laboratories Limited (DRL)
a foray into hospitality seems to be par for the course.

Yes, the Rs 6900 crore turnover DRL group is learnt to be venturing into hospitality with a four-star, 200-odd rooms hotel property in Hyderabad.

Interestingly, the hotel, which is coming up over a nearly 2-acre plot on the Hitech City-Madhapur Road near My Home Navadweepa at a cost of around Rs 100 crore, is tipped to be named Stamlo after Dr Reddy’s Labs blockbuster hypertensive drug brand Stamlo, said sources in the know. In fact the project is being put up by Stamlo Hotels Pvt Ltd.

for more details click the following link….

http://timesofindia.indiatimes.com/Cities/Hyderabad/DRL-may-foray-into-hospitality-sector/articleshow/4714086.cms

Royal Orchid plans to quadruple number of rooms

Courtesy: Hindu Business Line, dt.18.06.09

Royal Orchid Hotels Ltd plans to quadruple the number of rooms from the current 1,000 rooms, including a proposal in Tanzania. Unveiling its plans, Mr Chender Baljee, Chairman and Managing Director, said the company would have built up an inventory of 2,000 rooms by 2011 by adding another 1,000 rooms through ongoing projects.……..for more details click the following link

http://www.thehindubusinessline.com/2009/06/19/stories/2009061950200200.htm

Infrastructure status for hospitality sector likely

Economic Times dt.18/6/09

Synopsis of the news: Deemed export benefits to hotels & restaurants and service tax concession for ploughing back profits are among key proposals. Granting deemed export status to the hotel industry would mean that hotels and restaurants could get access to duty free import of inputs. Foreign currency income will be treated as export income.

Taj Group will see 15 new hotels this year

Hindu Business Line dt.17/6/09

Mumbai, June 16 Indian Hotels Company Ltd, which operates the Taj Group of Hotels, Resorts and Palaces, plans to commission 15 hotels this fiscal, which will translate into an additional 1,794 rooms……for more on this news click the following link

http://www.thehindubusinessline.com/2009/06/17/stories/2009061751190200.htm

5 companies to develop hotels at Delhi airport

Courtesy: Economic Times

http://www.projectstoday.com/News/NewsDetails.aspx?smid=24&nid=26461

KTDC Plans more Tamarind Hotels

Courtesy: Hindu Business Line

In three-four months, Kerala Tourism Development Corporation (KTDC) will have 14 of its Tamarind budget hotels across the State…….for more details click on the following link

http://www.thehindubusinessline.com/2009/06/14/stories/2009061450960502.htm

Indian Hotels to acquire Sea Rock for Rs 680 cr

Courtesy: Hindu Business Line dt.13/6/09

Mumbai, June 12 Indian Hotels Company Ltd (IHCL), which runs the Taj Group of hotels, will acquire Sea Rock Hotel in Mumbai for Rs 680 crore……for more details click on the following link

http://www.thehindubusinessline.com/2009/06/13/stories/2009061351890100.htm

5 companies to develop hotels at Delhi airport

http://www.projectstoday.com/News/NewsDetails.aspx?smid=24&nid=26461

Nadathur buys into Thai hotel group

Nadathur, a $500 million fund, has acquired the stake through a group firm, Ativa Hospitality, marking its foray into the leisure business. Ativa Hospitality, which is focused on hotel development and management, will now look for similar buyouts in India, as well……..for more details click the following link

http://economictimes.indiatimes.com/News/News-By-Industry/Services/Nadathur-buys-into-Thai-hotel-group/articleshow/4646544.cms